Ayala Land, Inc.’s Fixed Rate Bonds Due 2028 and 2033
Ayala Land is the largest and most diversified real estate conglomerate in the Philippines. It is engaged in land acquisition, planning, and development of large scale, integrated, mixed-use, and sustainable estates, industrial estates, development and sale of residential and office condominiums, house and lots, and commercial and industrial lots, development and lease of shopping centers and offices, co-working spaces, and standard factory buildings and warehouses, and the development, management, and operation of hotels and resorts and co-living spaces. The Company is also engaged in construction, property management, retail electricity supply and airline services.
For more information on Ayala Land visit, https://www.ayalaland.com/
Terms of the Offer
| Issuer | Ayala Land, Inc. | |||||||||||||||||||||||||||
| Issue | Fixed-rate bonds (the “Bonds”) constituting the direct, unconditional, unsecured and general obligations of the Issuer. | |||||||||||||||||||||||||||
| Issue Amount | Principal amount of ₱14,000,000,000.00, with an Oversubscription Option of up to ₱5,000,000,000.00. | |||||||||||||||||||||||||||
| Maturity Date | Series A Bonds: 5 years from the Issue Date
Series B Bonds: 10 years from the Issue Date |
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| Final Interest Rate | 5 years: 6.0253% per annum
10 years: 6.2948% per annum |
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| Interest | Interest on the Bonds shall be calculated on a European 30/360-day count basis and shall be paid quarterly in arrear. | |||||||||||||||||||||||||||
| Form and Denomination | Issued in scripless form in minimum denominations of ₱50,000.00 each, as a minimum, and in multiples of ₱10,000.00 thereafter. | |||||||||||||||||||||||||||
| Call Option | In whole and not in part based on the schedule below:
Series A Bonds:
Series B Bonds:
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| Offer Period | June 13 – 19, 2023 | |||||||||||||||||||||||||||
| Issue Date | June 26, 2023 | |||||||||||||||||||||||||||
| Rating | PRS Aaa by PhilRatings | |||||||||||||||||||||||||||
| Listing | Philippine Dealing and Exchange Corporation (“PDEx”) | |||||||||||||||||||||||||||
| First Metro’s Role | Joint Lead Underwriter and Bookrunner | |||||||||||||||||||||||||||
Final Prospectus
Investors are strongly advised to carefully read the contents of the Final Prospectus, together with the financial statements attached thereto.
Contact Details
Any questions related to the Bond Offering may be directed to the following representatives.
Bernard Paco
Email Address: bernard.paco@firstmetro.com.ph
Carlenn Domanais
Email Address: carlenn.domanais@firstmetro.com.ph